Cohen & Steers Inc. Decreases Holdings in Chevron Corporation $CVX

Key Points

• Cohen & Steers Inc. reduced its Chevron stake by 4.1% in the fourth quarter, though it still held 225,583 shares valued at about $34.4 million. Other institutional investors were mixed, and hedge funds and institutions still own 72.42% of Chevron.
• Chevron has seen generally constructive analyst sentiment, with several firms raising price targets and two upgrading the stock to buy/overweight. The consensus rating remains Moderate Buy, with an average target price of $205.70.
• The company continues to generate investor attention from both growth and income angles: it reported Q1 EPS of $1.41, paid a quarterly dividend of $1.78 per share for a 3.8% annualized yield, and is pursuing new opportunities in places like Argentina and the Middle East.

Cohen & Steers Inc. lessened its stake in shares of Chevron Corporation (NYSE:CVX - Free Report) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 225,583 shares of the oil and gas company's stock after selling 9,748 shares during the period. Cohen & Steers Inc.'s holdings in Chevron were worth $34,381,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Sumitomo Life Insurance Co. increased its holdings in Chevron by 0.9% during the fourth quarter. Sumitomo Life Insurance Co. now owns 20,179 shares of the oil and gas company's stock worth $3,075,000 after buying an additional 175 shares during the last quarter. Solstein Capital LLC increased its holdings in Chevron by 34.6% during the fourth quarter. Solstein Capital LLC now owns 3,076 shares of the oil and gas company's stock worth $469,000 after buying an additional 790 shares during the last quarter. Tudor Financial Inc. increased its stake in shares of Chevron by 2.1% in the fourth quarter. Tudor Financial Inc. now owns 5,291 shares of the oil and gas company's stock worth $806,000 after purchasing an additional 107 shares in the last quarter. Atalanta Sosnoff Capital LLC increased its stake in shares of Chevron by 2,978.2% in the fourth quarter. Atalanta Sosnoff Capital LLC now owns 57,500 shares of the oil and gas company's stock worth $8,764,000 after purchasing an additional 55,632 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management increased its stake in shares of Chevron by 11.8% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 6,580 shares of the oil and gas company's stock worth $1,003,000 after purchasing an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 72.42% of the company's stock.

Analyst Ratings Changes

CVX has been the subject of several recent research reports. Scotiabank lifted their target price on shares of Chevron from $168.00 to $187.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 22nd. Melius Research upgraded shares of Chevron from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a research note on Tuesday, February 17th. Barclays lifted their target price on shares of Chevron from $192.00 to $213.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 26th. UBS Group lifted their target price on shares of Chevron from $218.00 to $220.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Finally, Piper Sandler lifted their target price on shares of Chevron from $179.00 to $242.00 and gave the stock an "overweight" rating in a research note on Thursday, March 12th. Eighteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $205.70.

Key Chevron News

Here are the key news stories impacting Chevron this week:

• Positive Sentiment: Chevron reportedly joined YPF and Pluspetrol in backing TGS’s $3 billion Argentina NGL project, improving the odds of a final investment decision and signaling another potential growth avenue for Chevron outside its core assets. Chevron and Partners to Support TGS-Led Argentina NGL Project
• Positive Sentiment: CEO Mike Wirth said Chevron is still looking at new opportunities in the Middle East and could expand its regional exposure, reinforcing the company’s growth optionality in a strategic energy market. Chevron continues to look at new opportunities in Middle East, CEO says
• Positive Sentiment: Analyst commentary remained constructive, with Erste Group raising FY2026 and FY2027 earnings estimates for Chevron, suggesting expectations for solid profitability remain intact.
• Positive Sentiment: Multiple articles highlighted Chevron as a high-yield, value-oriented energy name, which may be supporting demand from income and valuation-focused investors.
• Neutral Sentiment: Chevron’s CEO pushed back on claims about Persian Gulf oil flow volumes, while U.S. crude inventories continue to decline; this adds uncertainty but does not clearly change Chevron’s fundamental outlook. U.S. energy secretary says 7 million barrels of oil exiting Persian Gulf daily, but Chevron CEO rebuts the claim
• Neutral Sentiment: Separate commentary on Chevron’s valuation and broader energy-sector strength points to ongoing momentum, but these pieces are more supportive of the stock’s longer-term case than a direct near-term catalyst. Assessing Chevron (CVX) Valuation After Recent Gains And Mixed Undervaluation Signals
• Negative Sentiment: Oil prices fell to their lowest level since early March as markets priced in potentially higher Strait of Hormuz flows and progress toward an interim peace deal, which can pressure Chevron’s upstream earnings expectations. Oil Hits Lowest Since Early March on Potential Hormuz Reopening

Insiders Place Their Bets

In other news, Director John B. Hess sold 380,000 shares of the business's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $193.20, for a total transaction of $73,416,000.00. Following the sale, the director owned 278,045 shares in the company, valued at approximately $53,718,294. The trade was a 57.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider R. Hewitt Pate sold 40,200 shares of the business's stock in a transaction on Monday, March 30th. The shares were sold at an average price of $213.30, for a total transaction of $8,574,660.00. Following the sale, the insider owned 8,638 shares in the company, valued at approximately $1,842,485.40. This trade represents a 82.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 615,200 shares of company stock worth $118,022,760. Insiders own 0.56% of the company's stock.

Chevron Trading Up 0.6%

CVX stock opened at $186.96 on Friday. The company has a market capitalization of $372.34 billion, a PE ratio of 32.40, a price-to-earnings-growth ratio of 0.61 and a beta of 0.48. Chevron Corporation has a one year low of $142.40 and a one year high of $214.71. The company's 50 day moving average price is $188.75 and its two-hundred day moving average price is $178.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.84 and a current ratio of 1.09.

Chevron (NYSE:CVX - Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The oil and gas company reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.41. Chevron had a net margin of 5.79% and a return on equity of 6.90%. The company had revenue of $47.56 billion during the quarter, compared to analyst estimates of $51.86 billion. During the same period in the prior year, the business posted $2.18 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. As a group, analysts predict that Chevron Corporation will post 15.88 earnings per share for the current fiscal year.

Chevron Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, May 19th were given a dividend of $1.78 per share. This represents a $7.12 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, May 19th. Chevron's payout ratio is presently 123.40%.

Chevron Company Profile

Chevron Corporation NYSE: CVX is an American multinational energy company engaged in virtually all aspects of the oil and gas industry. As an integrated energy firm, Chevron's core activities include upstream oil and natural gas exploration and production, midstream transportation and storage, downstream refining and marketing of fuels and lubricants, and petrochemical manufacturing through joint ventures and subsidiaries. The company markets fuels under brands such as Chevron, Texaco and Caltex and supplies a range of products and services to retail customers, industrial users and commercial fleets worldwide.

Chevron traces its corporate lineage to the early petroleum companies that eventually became Standard Oil of California and has evolved through significant mergers and restructurings, including the acquisitions of Gulf Oil and Texaco.

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